A basic presentation that makes a reader aware about limited liability partnerships....By Varun Prabhu

1. LIMITED LIABILIABILITIES PARTNERSHIPS AN INTRODUCTION TO

3. WHAT IS A LLP?

5. LLP’s exhibit elements of both: PARTNERSHIPS & CORPORATES

7. LLP VERSUS CORPORATE LIMITED LIABILITY PARTNERSHIPS BODY CORPORATES Partners can manage business directly. Corporate shareholders, on other hand, elect a board of directors under various state charters. Streamlined business. More organized, have various professionals look into the management of corporation Different level of tax liability Different level of tax liability

14. LLP - LIMITED PARTNERSHIPS A COMPARISON

15. LIMITED LIABILITY PARTNERSHIPS LIMITED PARTNERSHIPS General partnership with limited liability. Similar to LLP All partners have limited liabilities At least one partner has unlimited liability.

16. MAJOR BENEFITS

18. MAJOR DRAWBACKS

23. SOME TERMINOLOGIES

24. TERMS O TERMS Name For Owners Limited Liability Partners Name For Ownership Interest Limited Liability Partnership Interests Document That Creates The Entity Certificate of Limited Liability Partnership / Registration Statement Documents That Determine Operating Procedure Limited Liability Partnership Agreement

33. ANY QUESTIONS?

34. THANK YOU